663.07 – Asset maintenance or capital equivalency.
663.07 Asset maintenance or capital equivalency.— (1) Each international bank agency and international branch shall: (a) Maintain with one or more banks insured by the Federal Deposit Insurance Corporation and located within the United States, in such amounts as the office specifies, evidence of dollar deposits or investment securities of the type that may be held by a […]
663.08 – Certification of capital accounts.
663.08 Certification of capital accounts.—Before opening an office in this state, and annually thereafter so long as a bank office is maintained in this state, an international banking corporation licensed pursuant to ss. 663.01-663.14 shall certify to the office the amount of its capital accounts, expressed in the currency of the jurisdiction of its incorporation. The […]
663.083 – Lending limits.
663.083 Lending limits.— (1) The commission shall by rule prescribe the limits of drafts or bills of exchange which an international bank agency or branch may accept relative to the capital accounts of the international banking corporation. These limits shall take into account all transactions which are included and excluded in computing the lending limit for acceptances […]
663.09 – Reports; records.
663.09 Reports; records.— (1) An international banking corporation doing business in this state shall, at such times and in such form as the commission prescribes, make written reports in the English language to the office, under the oath of one of its officers, managers, or agents transacting business in this state, showing the amount of its assets […]
663.10 – Conversion of license.
663.10 Conversion of license.— (1) An international banking corporation desiring to convert its existing federal agency or federal branch or Edge Act corporation into an international bank agency or international branch, or an Edge Act corporation which desires to convert to a state-chartered investment company shall submit to the office an application, on a form adopted by […]
663.11 – Termination of international banking corporation’s charter or authority.
663.11 Termination of international banking corporation’s charter or authority.— (1)(a) An international banking corporation that is licensed to maintain an office in this state may not continue to conduct its licensed business in this state if the international banking corporation: 1. Is dissolved, or its authority or existence is otherwise terminated or canceled in the jurisdiction of its […]
663.12 – Fees; assessments; fines.
663.12 Fees; assessments; fines.— (1) Each application for a license under this part must be accompanied by a nonrefundable filing fee payable to the office in the following amount: (a) Ten thousand dollars for establishing a state-chartered investment company. (b) Ten thousand dollars for establishing an international bank agency or branch. (c) Five thousand dollars for establishing an international administrative […]
663.13 – Rules; exemption from statement of estimated regulatory costs requirements.
663.13 Rules; exemption from statement of estimated regulatory costs requirements.—In addition to any other rulemaking authority it has under the financial institutions codes, the commission may adopt reasonable rules that it deems advisable for the administration of international banking corporations under this part, in the interest of protecting depositors, creditors, borrowers, or the public interest and […]
663.14 – Foreign travel expenses.
663.14 Foreign travel expenses.—If domestic or foreign travel is deemed necessary by the office to effectuate the purposes of this part, representatives of the office shall be reimbursed for actual, reasonable, and necessary expenses incurred in such domestic or foreign travel. History.—ss. 95, 152, ch. 80-260; ss. 2, 3, ch. 81-318; ss. 26, 46, ch. 82-214; […]
663.16 – Definitions; ss. 663.17-663.181.
663.16 Definitions; ss. 663.17-663.181.—As used in ss. 663.17-663.181, the term: (1) “Business and property in this state” includes, but is not limited to, all property of the international banking corporation, real, personal, or mixed, whether tangible or intangible: (a) Wherever situated, constituting a part of the business of the Florida licensed office and appearing on its books as […]